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Cable Update (GBPUSD)

  • #268,341
  • Jan 12, 2011 2:30am Jan 12, 2011 2:30am
Will look to short cable from 1.5700. Reason nice fib convergence A1=618 and A2=382. Also a cent level.
May the forex be with you |
  • #268,342
  • Jan 12, 2011 2:30am Jan 12, 2011 2:30am
Quoting bbmac
The 1st test of the potential resistance zone saw a pullback only to the 38.2% of the recent 1hr swing 5545-current 5658 Hi....price testing zone again, looking v. bullish atm

G/L
Tell me about it bb! The bulls have got this one by the horns!
  • #268,343
  • Jan 12, 2011 2:33am Jan 12, 2011 2:33am
Quoting iqyu5an
hmm... can we break and stay above last week's high ?


rgds.iqyu
let's c what the PA has to say.
  • #268,344
  • Jan 12, 2011 2:35am Jan 12, 2011 2:35am
Quoting FXFundi
Will look to short cable from 1.5700. Reason nice fib convergence A1=618 and A2=382. Also a cent level.
we hv to break 1.5660 then 1.5675 in order to get to 1.57
  • #268,345
  • Jan 12, 2011 2:35am Jan 12, 2011 2:35am
Quoting bbakker
Tell me about it bb! The bulls have got this one by the horns!
testing top of this previous 4hr/daily swing hi zone running up to 5664 again, 38.2% of the 4hr/daily swing 6183-5343 there...next fib above that is 61.8% 5911- same 5343 lo @ 5693...

G/L
ex member
  • #268,346
  • Jan 12, 2011 2:36am Jan 12, 2011 2:36am
Quoting Fudomyo
I'd be careful up here. We could drop if WS1 holds. Smack up against it and R1 now.

Don't know what rollover you're looking at, but we're above the Daily Open, DPP, WPP, MPP, Monthly Dynamic Balance Point and currently testing Daily 50ema. That's the breakout point for more upside.

5700/5740 next if we do. (may get a small pullback off 5686)
My short got filled in the Asia session at 5655. The Magix rollover is basically the daily open which usually is tested before a move in either direction.

Here is my post from last night -

Quoting bbakker
I have placed a short order at 1.5655 with a SL at 1.5680. TP1 is at 1.5605. Doubt we will reach it before NY close.

Wish you success with your trading!
  • #268,347
  • Jan 12, 2011 2:38am Jan 12, 2011 2:38am
very high resistance. unable to break through.
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  • #268,348
  • Jan 12, 2011 2:39am Jan 12, 2011 2:39am
Quoting Tsar
Be Carefull, my friend.
Be Patience waiting Cable Breakout first is GOOD Strategy Trade.

Look at This :
It's Really... Giant BUTTERFLY Bearish still in Process ! ( in H1 )
What's will Happen ??
Thanks Bro, just closed my long before LO.
If break n clean closed above 5670 will consider re-enter long.
I have parameters to confirmed, it doesn't matter sitting on my hand all day lol..
  • #268,349
  • Jan 12, 2011 2:40am Jan 12, 2011 2:40am
Quoting navhin
we hv to break 1.5660 then 1.5675 in order to get to 1.57
Yip was about to add, if we get there. I'm sure we will before the end of the week, maybe even today?
May the forex be with you |
  • #268,350
  • Jan 12, 2011 2:41am Jan 12, 2011 2:41am
Quoting navhin
very high resistance. unable to break through.
You wouldn't be short would you ? Lol
ex member
  • #268,351
  • Jan 12, 2011 2:42am Jan 12, 2011 2:42am
Quoting iqyu5an
hmm... can we break and stay above last week's high ?


rgds.iqyu
Resistance 2 1.5650 is Final Defense to determine the WINNER : BULL or BEAR




ID :

Salam Kenal, Bro.
Always looking the GREAT, never left GOOD Point...
  • #268,352
  • Jan 12, 2011 2:44am Jan 12, 2011 2:44am
I am out of here as I need to go into the office to earn my crust. I wish you all success with your trading and I am hoping we have enough sellers at this level to bring price back down again. If not, oh well, it was a good level in my book. 1.59 would be my next level to short GU.

See ya!
  • #268,353
  • Jan 12, 2011 2:46am Jan 12, 2011 2:46am
Quoting bbakker
My short got filled in the Asia session at 5655. The Magix rollover is basically the daily open which usually is tested before a move in either direction.
cool.


My Daily Open is based off 5:00PM EST so is currently sitting at 5600.

So far WS1 5655 holding, if we get back below the MPP, we'll probably test 5530 again. Was looking for confirmation candle on the ascending wedge. If we get a decent pin on this 1H, I may be joining you. MPP is siting on ltl of wedge.
  • #268,354
  • Jan 12, 2011 2:47am Jan 12, 2011 2:47am
Quoting gsantri
Thanks Bro, just closed my long before LO.
If break n clean closed above 5670 will consider re-enter long.
I have parameters to confirmed, it doesn't matter sitting here all day lol..
Good Choice
Always looking the GREAT, never left GOOD Point...
  • #268,355
  • Jan 12, 2011 2:51am Jan 12, 2011 2:51am
yap... level we should focus at ....

rgds,iqyu

met kenal balik .... cah karanganyar ?

Quoting Tsar
Resistance 2 1.5650 is Final Defense to determine the WINNER : BULL or BEAR




ID :

Salam Kenal, Bro.
not euphoria follower
  • #268,356
  • Jan 12, 2011 2:52am Jan 12, 2011 2:52am
Quoting bbmac
You wouldn't be short would you ? Lol
still holding my shorts.
  • #268,357
  • Jan 12, 2011 2:55am Jan 12, 2011 2:55am
Quoting navhin
short at 1.5645. TP 1.5590 SL 1.5685.
closed for +10pips. gu very stubborn. doesn't want to go down.
  • #268,358
  • Jan 12, 2011 2:56am Jan 12, 2011 2:56am
Quoting FXFundi
Yip was about to add, if we get there. I'm sure we will before the end of the week, maybe even today?
i think we might break 1.5670, the way i look at PA. anyhow, let's c what the chart has to tell us.
  • #268,359
  • Jan 12, 2011 2:57am Jan 12, 2011 2:57am
Quoting navhin
closed for +10pips. gu very stubborn. doesn't want to go down.

I didn't even see it hit 35ask from 45bid to sell on my feed ! U did well to get +10 !!

G/L
ex member
  • #268,360
  • Jan 12, 2011 3:00am Jan 12, 2011 3:00am
it went down as low as bid 1.5531 ask 1.5534 in my instaforex terminal.
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